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Zinka Logistics IPO: According to NSE information, the IPO obtained quotes for 4,19,40,018 shares versus 2,25,67,270 shares available.
Zinka Logistics Solutions IPO Allotment Date
Zinka Logistics IPO: Zinka Logistics Solutions Ltd, an electronic system for vehicle drivers, experienced solid rate of interest throughout its going public (IPO), which was subscribed 1.86 times on the last day of bidding process onMonday Investors are currently waiting to recognize the allocation day and membership condition.
Zinka Logistics IPO Listing Date: The equity shares are set up for detailing on the BSE and NSE on Thursday, November 21.
Zinka Logistics IPO Allotment Date
With the bidding process stage currently shut, candidates excitedly wait for the IPO allocation, which is expected to be settled today, November 19.
Zinka Logistics IPO Subscription Status
Investors can examine the allocation condition on the main site of the registrar, KFin Technologies, BSE and NSE sites.
How to Check Zinka Logistics IPO Allotment Status?
On KFin Technologies Website
- Visit the KFin Tech IPO condition web page.
- Select Zinka Logistics from the dropdown food selection.
- Enter your FRYING PAN, Application Number, or DP Client ID.
- Click on Submit.
- Your IPO allocation condition will certainly be presented.
On NSE Website
- Go to the NSE IPO condition web page.
- Register or visit with your information.
- Select Zinka Logistics from the offered alternatives.
- Enter your IPO Application Number.
- Click on Submit.
- The allocation condition will certainly show up on the display.
On BSE Website
- Visit the BSE site.
- Navigate to the Investors area.
- Under the Investor Services dropdown, choose Status of Issue Application.
- Click on Application Status Check.
- Choose Equity as the problem kind.
- Enter the needed information, consisting of the Issue Name (Zinka Logistics), and your frying pan.
- Click Search to watch the allocation condition.
Zinka Logistics IPO Details
According to NSE information, the IPO obtained quotes for 4,19,40,018 shares versus 2,25,67,270 shares available.
-Qualified Institutional Buyers (QIBs): Subscribed 2.76 times
-Retail Individual Investors (RIIs): Subscribed 1.65 times
-Non-Institutional Investors: Subscribed 24%
Anchor Investors Mobilization
Zinka Logistics elevated over Rs 501 crore from support capitalists in advance of the IPO.
Zinka Logistics IPO Price Band
The Rs 1,115-crore IPO was provided in a rate series of Rs 259-273 per share. It consisted of:
- Fresh Issue: Shares well worth Rs 550 crore
- Offer- for-Sale (OFS): Up to 2.06 crore shares, valued at Rs 565 crore at the top rate band
Utilisation of Funds
Proceeds from the fresh problem are alloted as adheres to:
- Rs 200 crore available and advertising efforts
- Rs 140 crore for financial investments in Blackbuck Finserve
- Rs 75 crore for item advancement costs
- Remaining funds for basic business objectives
Company Overview
Zinka Logistics Solutions intends to update India’s trucking sector by making it possible for vehicle drivers via electronic devices to boost performance and revenues.
Its front runner BlackBuck application supplies remedies for:
- Payments
- Telematics
- Load administration
- Vehicle Financing
The firm works together with FASTag financial institutions and oil advertising firms (OMCs) to offer smooth tolling and sustaining remedies, gaining compensation margins from deal worths.
Key Stakeholders in the IPO
The IPO was handled by leading book-running lead supervisors:
- Axis Capital
- Morgan Stanley India Company
- JM Financial
- IIFL Capital Services
Disclaimer: The sights and financial investment suggestions by specialists in this News 18. com record are their very own and not those of the site or its administration. Readers are suggested to get in touch with qualified specialists prior to making any type of financial investment choices.
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